Halcyon Group made the franchise available in September. The auction for all Terminator assets, which encompass the rights to future Terminator films, TV series, DVDs and merchandise, is going to be held Monday at the offices of FTI Consulting in Los Angeles. Two days later there will be a bankruptcy court hearing.

If Lionsgate doesn't get the franchise, it will take in $750,000 as a breakup fee from whoever wins.

Halcyon bought the Terminator rights from Mario Kassar in 2007. They then "filed for Chapter 11 as a result of a dispute with hedge fund Pacificor, which financed the purchase."

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